Sell Copper Oct @ 960 SL 965 TGT 955-950. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM OCT @ 259 SL 261 TGT 257-255. MCX
OBSERVATIONS
Aluminium trading range for the day is 254.2-260.6.
Aluminium gained due to persistent threats to supply.
Chinese output is expected to slow due to the country’s annual limit of 45 million tons, capping supply growth.
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange dropped 2.4% from last Friday.
COPPER
SELL COPPER OCT @ 960 SL 965 TGT 955-950. MCX
OBSERVATIONS
Copper trading range for the day is 935.8-973.4.
Copper rallied as Freeport-McMoRan declares force majeure at Grasberg mine
Hudbay Minerals suspends Constancia mine operations amid local protests
Supply disruptions tighten market, supporting higher prices for smelters
ZINC
SELL ZINC OCT @ 287 SL 289 TGT 285-283. MCX
OBSERVATIONS
Zinc trading range for the day is 279.8-290.4.
Zinc prices gained amid tightening supply conditions in China.
LME zinc stocks fell their lowest since May 23 at 48,825 tons, data showed, having slumped 80% this year.
\The European Commission plans to impose steep tariffs—ranging from 25% to 50%—on Chinese steel imports and related products in the coming weeks.
